Prosperity Partners Blog
The Year Volatility Returned, 2018 Financial Market Summary and Outlook
The lack of volatility in 2017 was nearly unprecedented. We witnessed 310 trading days without two consecutive daily pullbacks in the S&P 500 Index of at least 0.5%, according to research from Bespoke Group.
The Recent Market Decline and Human Behavior
The stock market has been tumbling lately with S&P 500 Price Index declining by 11.76% from its peak on October 5th till the date of this post, and the dramatic media headlines are roiling investor sentiment far and wide e.g. CNBC reported
FDP In The News
Mark Chandik’s article “Double-Duty Dollars: Corporate Life Insurance and Long-Term Care” was recently published in the Southern California Contractors Association Magazine.
FDP Special Market Commentary
Volatility has certainly returned to the financial markets this quarter! Staying invested in a volatile market takes a certain amount of intestinal fortitude, but it’s not without reward.
Quarterly Market Summary and Outlook – October 2018
October has a ghoulish reputation. Despite what historically is a challenging quarter from a seasonality perspective, a strong macroeconomic backdrop triggered robust growth within US equities.
Quarterly Market Summary and Outlook – July 2018
The economic recovery began in July 2009 – that according to the National Bureau of Economic Research, the official arbiter of recessions and economic expansions.
Where to Save After the New Tax Cuts and Jobs Act
The new tax law is a mixed bag for contractors in California. While there are certain provisions that are helpful to small businesses, the loss of the “SALT” deductions (state and local taxes) has most likely increased the total tax burden for high income individuals.
Financial Market Summary and Outlook January 2018
2017 will go down in the record books as a “bull market” year. The bulls took charge the day after election day, keeping the bears on the defensive throughout 2017.
Tax Reform Comes to Orange County
I had the privilege of attending an intimate meeting with Treasury Secretary Steven Mnuchin and Special Advisor to the President Ivanka Trump this morning.
2017 Quarterly Market Summary and Outlook
Despite the devastating effects of hurricanes Harvey and Irma, the U.S. economy remained near full employment and earnings growth was positive.
Quarterly Market Summary and Outlook July 2017
Synchronized global expansion was evident during the second quarter with markets across the globe experiencing positive economic growth. The rising tide lifted nearly all boats in the First half of 2017.
2017 Financial Market Summary and Outlook
The first quarter saw steady gains throughout January and February and then a bit of a slowdown in March.